Biden admin slaps new sanctions on Russia after annexation

The Biden administration is announcing new sanctions on Russia for its purported annexation of regions of Ukraine.

Why it matters: It comes in response to Russian President Vladimir Putin laying claim to four regions in Ukraine, which Russia only partially controls. The Kremlin has helped stage referendums that most western governments labeled a "sham."

Driving the news: The new sanctions target hundreds of Russian government officials and their family members, Russian and Belarusian military officials and defense procurement networks, including international suppliers supporting Moscow's military effort.

The details: Department of Treasury sanctioned 14 international suppliers...